RAYMOND JAMES FINANCIAL INC (RJF): Regulation FD Disclosure

Meta's new AI product, Muse, has caused market turbulence, with Charles Schwab's shares falling 6% and LPL Financial Holdings down 7%. Robinhood's stock rose, reaching a new year-to-date high. Analysts suggest AI disruption may impact traditional brokerage services, with Schwab's low-yielding sweep cash seen as vulnerable. Meta's AI assistant does not trade or give financial advice but can track investments and analyze portfolios.

Raymond James has appointed Scott Curtis as its bank segment president, effective January 1, 2027. He will succeed Steve Raney, who will transition to an executive consulting role. Under Raney's leadership, the bank segment's annual net revenues grew from $41 million in 2006 to $1.8 billion in 2025, according to the company.

Raymond James Financial, Inc. will add Will Weatherford to its board and audit/risk committees on December 15. Weatherford leads Weatherford Capital, a private equity firm with $1.2B in assets, and has roles in Dream Finder Homes and Tampa Bay Rays ownership.

Analysts at TD Cowen maintained Buy ratings on Willis Towers Watson (WTW) with a $455 target, and Hold on Raymond James Financial (RJF) with a $161 target. WTW closed at $335.46, near its 52-week high, while RJF closed at $177.93. Analyst consensus for WTW is Moderate Buy with a $374.87 average target, and for RJF is Moderate Buy with a $185.80 average target.

Raymond James Financial reported record client assets of $1.93T for July 2026, up 17% YoY. Fee-based AUM grew 21% YoY to $1.16T, while total AUM rose 30% YoY to $344.6B. Bank loans increased 13% YoY to $56.3B, and cash sweep balances were $56.7B, down 4% from June.

Barclays raised its price target for Raymond James Financial (RJF) from $192 to $196 and reiterated an “overweight” rating, implying about 18.8% upside from the stock’s then-current price. Other analysts issued mixed targets. RJF traded at $165.04 and reported Q3 EPS of $3.14 on $3.93B revenue, beating consensus.